Question: Instruction for Chegg Solver: Must be solved with word, Excel or convertible documents to pdf. Q1 : (Zero Growth for selling back) Suppose a stock

Instruction for Chegg Solver: Must be solved with word, Excel or convertible documents to pdf.

Q1: (Zero Growth for selling back)

Suppose a stock is now sold out in stock exchange for $44 per share. It has dividend of $2.5 yearly. You plan to sell it in three years. The stock is expected to grow up to $ 50 while discount rate is 11%. What is stock fair value?

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